A network fee charge which has saved Kuehne + Nagel Limited over £17m in corporation tax over six years is under investigation by HMRC, according to the company’s latest annual results. The investigation, revealed in K + N’s annual accounts for the year to 31 December 2018, was triggered following an earlier inquiry by HMRC in 2015 into the company’s payment of a trademark fee. This latest inquiry centres around a network fee charge which K+N pays to Kuehne + […]
Panther Warehousing has completed a management buyout (MBO), backed by private equity firm Lloyds Development Capital (LDC).
Firms thought to be left out of pocket following the administration of car transporter Eulos.EU will now receive a distribution after an unexpected insurance settlement led to an £11,000 payout.
Royal Mail offset declining letter volume with its growing parcels operation in a year that saw it surpass the £10bn turnover mark for the first time, but saw pre-tax profit fall by more than a third (37%).